Was Elastic's relicensing a debacle from their perspective? Their share price did drop a bit after the announcement, but the company seems to still be quite healthy. For example, everyone I know who's working on search and RAG products right now is doing it with Elasticsearch. The version published by Elastic NV, not the Open Source fork or any other open source alternative.

And perhaps more to the point, their revenue now is about twice what it was in 2020. That's hardly the situation I would expect to see if the move had destroyed people's trust in the company. If anything it seems like it might have had the opposite effect, at least among the demographic that matters most to Elastic as a company: paying customers.